How much do you save in your pension each month?

[AlfredJPruffock]

Yeh - what was the song? Sure it wasn't Gong? I got to know now....

Do you mean perhaps - Quark Strangeness and Charm ( hawkwind or perhaps Einsteiin A Go-Go)

[ace00]

QUARK, STRANGENESS AND CHARM

What did we do before the internet?

[Bagpuss]

Work, or talk to people

[ace00]

QUARK, STRANGENESS AND CHARM

What did we do before the internet?

-- posted simaltaeneousley (sp.) with Alf. There's a quantam mechanics related joke in there somewhere....

[denver2k]

pension = null

[DimPrawn]

WRONG!

Firstly, you can take out 25% tax-free. Secondly, you don't have to buy an annuity, you can simply withdraw money yourself. Thirdly, when you die, what is left is not lost.

BTW the capital is not necessarily lost on death in an annuity either, that is a choice that you make at the time of buying the annuity.

So 75% of the pot cannot be withdrawn.

You do have to buy an annuity by age 75.

And when you buy the annuity, your pot will be gone, overwise what's the point?

Yes, and think of the fantastic annuity rate you will get.

Infact.

Live like a pauper all your life to pay your pension.

[Mich the Tester]

QUARK, STRANGENESS AND CHARM

What did we do before the internet?

Buy porn CDs in brown paper bags and look at the pictures on laptops.

[Pinto]

-- simaltaeneousley (sp.)

A spelling mistake in practically every syllable! Next time try "at the same time".

[scooterscot]

Like other no pension - but save around £600 a month.

[MrNoMotivation]

spoke to a financial advisor yesterday about pensions. Can't do this. Can't do that. Only 25% lump sum. Must buy an annuity etc etc. Tax efficient. Until they take the tax off when you most need it.
I don't like investing in products I don't understand or are too restrictive and complicated.
A pension benefits the financial advisor, the government, the pension and annuity companies. What's left is yours.
I'll start a FTSE Index Tracker ISA. Nice and easy and flexible.